Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
BJ Gadway
  • Woodstock, GA
3
Votes |
7
Posts

Should I sell or Refi

BJ Gadway
  • Woodstock, GA
Posted
Ok so without even knowing I did so, I bought my primary residence a specifically the right time. 3/2.5 with 2 car garage 1600sq/f. Under current market conditions, my home has nearly doubled in value from time of purchase. We are however as a young family outgrowing the residence and looking to upgrade. So my question is "should I sell and use the proceeds to clear some debt, set up emergency funds and have a 20% down payment on new place and then save, plan and structure my relestate investing " or " should i refinance have the around 15% down payment on new home, clear about same amount of debt and same emergency fund, and fix the few minor repairs needed to rent out the home, with an estimated cash flow of $300" Thoughts, recommendations, tips, suggestions, any and all help would be much appreciated. I am new to real estate investing and am excited for what lies ahead.

Loading replies...